Four industry organizations representing different sectors of the supply chain industry in a recent session at the Intermodal Europe Conference in Amsterdam put the spotlight on the need for container owners and operators to provide appropriate equipment for properly packing and shipping cargo, as set by the Cargo Transport Units (CTU) Code. The Global Shippers… Read More

Two years ago this past October 1, in the face of Hurricane Joaquin’s 150-mph winds, 40-year-old cargo ship El Faro went down, sinking 15,000 feet of water to the sea floor near the Bahamas and killing 33 people on board. The worst maritime disaster for a U.S.-flagged vessel since 1983, the El Faro was one… Read More

Freight costs have spiked in the wake of Hurricane Harvey, which decimated Houston and the surrounding region. As businesses reopen and look to stock their shelves, many shippers are experiencing significantly higher rates. For example, according to online load board DAT Solutions LLC, the cost to hire a tractor-trailer to move freight from Dallas to… Read More

Proper supply management is essential to the success of many large businesses. Part of the supply management process involves taking the time to carefully screen suppliers to meet client demands for on-time deliveries and competitive rates. It also involves, according to a recent article in Global Trade, suppliers offering a streamlined invoice-to-cash process that reduces… Read More

The recent WannaCry and NotPetya cyber attacks portend the extent and scope of the economic havoc these threats can wreak. Lloyd’s of London along with cyber risk analytics firm, Cyence, in fact, recently issued a report saying that a global cyber attack could trigger an average of $53 billion of economic losses. This figure represents… Read More

The shipping industry, which has faced several challenges over the last several years, including overcapacity, price wars and freight rates below break-even levels, is now showing signs of recovery, according to a recent article in the Wall Street Journal. Due to an improving global economy, industry executives and analysts indicate that the worse may behind… Read More

We’ve seen “uberization” – changing the market by introducing a new way of using or buying a service – in a number of industry sectors including the taxi business (think Uber, Lyft) and hospitality (Airbnb, HomeAway), among others. In addition, just as you can find and pay for a ride using your mobile device, business… Read More

Aon’s 2017 Risk Maps for Political Risk, Terrorism, and Political Violence was released recently, citing that companies with domestic and international operations, including global logistics service providers, face a rise in terrorism risk as attacks increased by 14% last year. In addition, the wave of populism in the United States and elsewhere is changing the… Read More

The number-one risk for business continuity professionals is cyber attacks, according to the 2017 Horizon Scan Report published by the Business Continuity Institution (BCI), an association that provides insights into fast-changing threat landscapes, and the British Standards Institution (BSI). Data breaches come in second on the report’s top ten list, followed by unplanned IT and… Read More

According to reinsurer Munich Re, Roanoke Underwriting’s parent company, earthquakes in Asia and Italy, flooding in the United States, Asia, and Europe, a deadly hurricane along with wildfires in Canada, made 2016 the costliest 12 months for natural catastrophe losses in the last four years. Losses totaled $175 billion, two-thirds more than 2015, and were… Read More